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Ethnicity Pay Gap reporting must go beyond biggest employers

Ethnicity pay gap (EPG) reporting involves measuring and publishing the difference in average pay between employees from different ethnic backgrounds within an organisation.
Posted on Wednesday Oct 8

Regulators combine to tackle poor claims management practice

The Financial Conduct Authority (FCA), Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and the Advertising Standards Authority (ASA) are joining together to tackle misleading advertising and inadequate information provided by some claims management companies (CMCs) and law firms working on motor finance claims, and the risk that excessive fees are charged to clients.
Posted on Monday Oct 6

Lessons in implementing board level AI governance

Effective leaders have shifted from traditional risk management protocols to more dynamic and responsible governance models for managing AI. AI governance continues to evolve in 2025 for both boards and senior management teams. Recent studies suggest many companies are not achieving the desired return on investment from AI projects, and many boards are devoting time to AI governance without achieving desired outcomes.
Posted on Friday Oct 3

The Data Use and Access Act what are the key impacts

In June this year, The Data (Use and Access) Act 2025 (DUAA) received Royal Assent. There’s a staged approach to commencement, with most changes likely to come into effect from December this year, and the rest in early 2026. Here’s our take on the measures which are likely to be of most interest to pension schemes and funds.
Posted on Friday Oct 3

9 in 10 firms interested in insurance cover for Gen AI risks

Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations. While this brings significant opportunities for innovation and efficiency, it also introduces new and complex risks – from defective outputs and copyright infringement to cybersecurity vulnerabilities.
Posted on Friday Oct 3

Insurance advice ahead of Storm Amy

As the Met Office names the first storm of the autumn, the ABI has issued advice to homeowners and businesses on how to prepare and what to do if they need to make a claim. With strong winds and heavy rain expected across much of the UK, and especially in parts of western and southern Scotland, the ABI is encouraging people to:
Posted on Wednesday Oct 1

Data reveals only 7% of properties are insured correctly

According to data collected from more than 43,000 comprehensive property assessments, only a worrying 7% of UK properties are insured accurately, with 70% of properties underinsured and 23% overinsured.
Posted on Friday Sep 26

Road casualty statistics 2024

1,602 people were killed on Britain’s roads last year
Young drivers and their passengers remain disproportionately at risk when compared to other drivers
Motorcyclist fatalities rose by 8% in a year, while pedestrian deaths increased by 1%
“Highlights the urgent need for a comprehensive road safety strategy” says AA’s head of roads policy
Posted on Thursday Sep 25

Heathrow cyber attack shows the need for cyber insurance

Heathrow cyber-attack highlights need for parametric and preventive cyber insurance. Major European airports, including Heathrow, Dublin, and Brussels, faced significant disruption following a recent cyber-attack. The incident led to dozens of cancellations, hundreds of delays, and long queues as staff were forced to use handwritten tags and manual redeployments.
Posted on Thursday Sep 25

Cyber insureds gain momentum against attackers

Ransomware is the biggest loss driver, accounting for 60% of the value of large cyber claims (>€1mn), while threats posed by supply chains, privacy regulation and social engineering require attention, especially as an uptick in loss activity is expected from Black Friday onwards. Despite the increasing level of attacks, analysis of Allianz Commercial cyber claims shows severity is down by 50% and large claims frequency by 30% during H1 2025 to date, driven by larger companies’ elevated detection and response capabilities. However, the expanding risk landscape is broadening the potential scope of claims for all, while the gap between insured and uninsured widens.
Posted on Wednesday Sep 24

Business leaders on high alert as risk levels surge

New research from Beazley uncovers a sharp and rapid shift in how leaders are prioritising risk. And amid today’s fast-changing global environment, topping their agendas are: Geopolitical uncertainty, supply chain disruption and inflation.
Posted on Tuesday Sep 23

Travel disruption questions answered

In response to reports of delays at Heathrow and other European airports, the ABI has shared advice for anyone experiencing travel disruption.
Posted on Monday Sep 22

Allianz detects frauds totalling GBP93m in 1H of 2025

2025 detection figures up 34% from same period as 2024. Ghost brokers and claims ballooning trends continue. Enhanced technology partnership with Carpe data for personal injury fraud prevention. Stronger collaboration with brokers and continued commitment to protect honest customers
Posted on Monday Sep 22

1 in 7 reduced car insurance cover in past 2 years

7% proactively reduce cover with 9% cutting down when they renew policy. 78% of those switching or renewing said that they had seen a noticeable increase in their renewal premium, up from 49% in 2022. Price comparison sites remain the dominant route for drivers to find policies
Posted on Monday Sep 22

Serial ghost broker sentenced after ignoring IFED

A man has been sentenced for his role as a ghost broker, despite numerous warnings from the City of London Police’s Insurance Fraud Enforcement Department (IFED). Sheikh Tanvir Uddin, 22, of Kimpton Road, Southwark, was sentenced today to 32 weeks' imprisonment, suspended for 12 months, after previously being remanded in August. He was also ordered to pay a victim surcharge and court costs.
Posted on Friday Sep 19

IPT hits £1.3bn but Chancellor must resist Budget hike

HMRC tax receipts update shows that Insurance Premium Tax (IPT) receipts recorded a total of £1.30 billion in August 2025, marking a slight decrease of £51 million on the same month last year (£1.35bn).
Posted on Friday Sep 19

Over 3m at risk of cancelled home insurance

A new study has estimated that approximately 3.1 million policyholders in the UK are at risk of having their home insurance cancelled or voided, all due to making simple errors. In the last year, around 7% admitted to doing something that could lead to their policy being cancelled, equal to millions nationwide who could be left without protection when they need it most.
Posted on Friday Sep 19

Motorists to receive £200m in car insurance compensation

Motor insurers have changed their settlement and compensation practices after the Financial Conduct Authority (FCA) found some insurers had short-changed customers on stolen or written off vehicle claims.
Posted on Friday Sep 19

LMA report on AI impact for international E and O market

The Lloyd’s Market Association (LMA) has published a new report examining how artificial intelligence (AI) can impact the international errors and omissions (E&O) market. The report, produced by the LMA’s International Professional Indemnity Committee, explores both the opportunities and risks presented by the rapid adoption of generative AI (GenAI) across professional services sectors.
Posted on Thursday Sep 18

5m of us leave sheds and outbuildings vulnerable to theft

Nearly three in 10 (29%) UK residents have experienced an attempted or actual break-in to their shed or outbuilding. Just over two thirds (67%) of those whose shed/outbuilding was broken into reported break ins – or attempted break ins – to their home at the same time. Despite this, one in eleven (9%) do not take measures to protect their shed or outbuilding - equivalent to around five million Brits. Aviva urges residents to secure homes, as claims data reveals the average claim for outbuilding and shed theft in 2024 was £4,205
Posted on Wednesday Sep 17

Comprehensive car insurance falls by 16 percent in 12 months

Comprehensive car insurance premiums have fallen by 16% (£136) during the last 12 months, with UK motorists now paying £735 on average, according to the latest Confused.com Car Insurance Price Index in association with WTW
Posted on Wednesday Sep 17

Data Use and Access Act can trigger a gold rush for insurers

DUAA clarifies ‘legitimate interest’ – meaning insurers can confidently use first and third-party data to engage with new prospects and lapsed customers
Posted on Tuesday Sep 16

Inside the rise of cargo theft

Cargo theft is surging worldwide, posing a growing threat to supply chains and consumer confidence. As eCommerce accelerates and global distribution networks become more complex, the cargo and marine insurance industry faces increasing pressure to combat sophisticated criminals in a complex cross-border environment.
Posted on Tuesday Sep 16

Commercial property prices softening but for how long

In H1 2025, global insured natural catastrophe losses amounted to $80 billion, making it one of the costliest first half-years on record for insurance companies.
Posted on Monday Sep 15

Warning to drug and drink drivers on insurance impact

Car insurance costs four times as much for convicted drug drivers. Comprehensive policies double in price for those caught drink driving. Drug-driving collisions in Britain rise by 9%
Posted on Monday Sep 15